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Oxford Technology VCT plc : Miscellaneous

Released 17:50 25-Mar-2015

Oxford Technology VCT plc : Miscellaneous

The Directors note the recent reduction in Scancell Holding Plc's share price, with a bid price of 26p at end of 25 March 2015,which values Oxford Technology VCT Plc's holding of 6,883,300 Scancell Holding Plc shares at a total of £1.790 million.


On 12 December 2014, Oxford Technology VCT Plc announced that its unaudited net asset value (NAV) per ordinary share as at 30 November 2014 was 72p (End of Period NAV).  The bid price of Scancell's shares used for the calculation of the End of Period NAV was 36p.


Shareholders should note that should there be no other changes in valuations in Oxford Technology VCT Plc's portfolio apart from a change in the share price of Scancell Holding Plc to 26p, the Company's NAV per share would reduce by 12p to 60p.


The Directors expect to publish the final results for the year ended 28 February 2015 in June 2015, where Scancell Holding Plc's valuation will be based on the bid price at close of trading on 28 February 2015.


The total number of Oxford Technology VCT Plc ordinary shares in issue is 5,431,655.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Oxford Technology VCT plc via Globenewswire



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Oxford Technology VCT plc : Miscellaneous - RNS